Henan Kaiwang Electronic Technology Co., Ltd
Financial statement report of 2021
In 2021, the company’s operating revenue increased by 40.67% year-on-year, and the net profit attributable to the shareholders of the listed company increased by 34.26% year-on-year. Now the company’s financial statements in 2021 are reported as follows: I. audit of the company’s financial statements in 2021
The financial statements of the company in 2021 were audited by Zhongqin Wanxin Certified Public Accountants (special general partnership) and issued a standard unqualified audit report. The audit opinion of the audit institution is that the financial statements of Kaiwang technology company are prepared in accordance with the provisions of the accounting standards for business enterprises in all major aspects, and fairly reflect the consolidated and parent company’s financial position of Kaiwang technology company as of December 31, 2021, as well as the consolidated and parent company’s operating results and cash flow in 2021.
2、 Main financial indicators of the company unit: 10000 yuan
Increase and decrease of the project in 2021 and 2020
Operating income 61551254375507 40.67%
Total profit 618773450063 37.49%
Net profit 546668407177 34.26%
Sales expense 100259 807.26 24.20%
Administrative expenses 239932191174 25.50%
R & D expenses 219319181268 20.99%
Financial expenses 602.32 476.87 26.31%
Total share capital 958217718617 33.34%
3、 Analysis of financial status, operating results and cash flow during the reporting period 1. Assets and liabilities
Unit: 10000 yuan
Change range of the project from December 31, 2021 to December 31, 2020
Monetary capital 6856728416061154801%
Notes receivable 115480 948.75 21.72%
Accounts receivable 15116411664094 – 9.16%
Receivables financing 343678494344 – 30.48%
Advance payment 192.77 117.10 64.61%
Other receivables 117.22 251.19 – 53.33%
Inventory 1362807977861 39.37%
Other current assets 953.31 667.20 42.88%
Investment real estate 338.03 812.46 – 58.39%
Fixed assets 19765931800824 9.76%
Right of use assets 170530 0.00
Intangible assets 925.21 922.04 0.34%
Long term deferred expenses 286695236185 21.39%
Deferred income tax assets 371.09 337.61 9.92%
Other non current assets 201529 557.00 261.81%
Total assets 131154436055709 116.58%
Short term loan 37 Shenzhen Ecobeauty Co.Ltd(000010) 0000 270.00%
Notes payable 1201130790139 52.02%
Accounts payable 648059861936 – 24.81%
Payroll payable 856.53104001 – 17.64%
Taxes payable 330.68 263.02 25.73%
Other payables 457296115897 294.57%
Non current due within one year 306990256973 19.46%
liabilities
Other current liabilities 161.06 166.81 – 3.45%
Total current liabilities 31185262271937 37.26%
Non current liabilities:
Long term loan 221.35299125 – 92.60%
Lease liabilities 106786 0.00
Deferred income 569.90 584.56 – 2.51%
Deferred income tax liabilities 959.40 611.08 57.00%
Total non current liabilities 281851418688 – 32.68%
Total liabilities 34003772690625 26.38%
During the reporting period: 1. Monetary funds: increased by 154801% compared with the beginning of the period, mainly due to the arrival of the funds raised from the listing in December.
2. Accounts receivable financing: 30.48% lower than that at the beginning of the period, which is due to the decrease in the amount of bank acceptance bills used for endorsement and discount in the company’s daily fund management. 3. Prepayment: increased by 64.61% compared with the beginning of the period, which is due to the increase of prepayment for material procurement of the company. 4. Other receivables: decreased by 53.33% compared with the beginning of the period, mainly due to the recovery of the company’s deposit and margin. 5. Inventory: increased by 39.37% compared with the beginning of the period, mainly due to the increase of the company’s sales orders. In order to meet the market demand, the product preparation increased accordingly. 6. Other current assets: decreased by 42.88% compared with the beginning of the period, mainly due to the carry over of IPO intermediary service fees.
7. Right to use assets: the closing balance is 17.053 million yuan and the opening balance is 0 yuan, mainly because the company implements the new lease accounting standards. 8. Investment real estate: decreased by 58.39% compared with the beginning of the period, mainly due to the fact that part of the leased real estate is recovered and no longer leased after expiration. 9. Other non current assets: increased by 261.81% compared with the beginning of the period, which is the prepayment of equipment and plant purchase. 10. Short term borrowings: an increase of 270.00% over the beginning of the period, mainly due to the expansion of the company’s business scale and increased financing demand. 11. The increase of 52.02% is mainly due to the purchase of bills payable by bank acceptance. 12. Other payables: increased by 294.57% compared with the beginning of the period, mainly due to the reclassification of statement accounts. 13. Long term loans: decreased by 92.60% compared with the beginning of the period, mainly because the long-term loans will expire within one year, and the report subjects will be adjusted. 14. Lease liabilities: the closing balance is 106786 million yuan and the opening balance is 0 yuan, mainly because the company implements the new lease accounting standards. 15. Deferred income tax liabilities: increased by 57.00% compared with the beginning of the period, mainly due to the accelerated depreciation of the company’s fixed assets. 4、 Shareholders’ equity
Unit: 10000 yuan
Change range of shareholders’ equity items from December 31, 2021 to December 31, 2020
Share capital 958217718617 33.34%
Capital reserve 72952341731520 321.32%
Surplus reserve 175814122371 43.67%
Undistributed profit 1285801792575 62.23%
Attributable to the owner of the parent company 97150663365083 188.70%
Total Equity
Total owner’s equity 1889770650%
Total liabilities and owner’s equity 131154436055709 116.58%
During the reporting period:
1. Share capital: the closing balance is 958217 million yuan and the opening balance is 718617 million yuan, mainly due to the company’s listing and issuance of 23.96 million new shares in December.
2. Capital reserve: the closing balance was 729523400 yuan and the opening balance was 17315200 yuan, mainly because the company listed and issued 23.96 million new shares in December, with a high issuance premium.
3. Surplus reserve: the closing balance is 175814 million yuan and the opening balance is 122371 million yuan, mainly the legal surplus reserve withdrawn from the current surplus.
4. Undistributed profit: the ending balance is 1285801 million yuan, and the opening amount is 792575 million yuan, which is mainly the retained profit of the current period.
5、 Operation
Unit: 10000 yuan
Change range of the project from 2021 to 2020
business income
